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Circle To ‘Stand Behind’ USDC, Cover $3.3 Billion Shortfall Held in Silicon Valley Bank

  • Post author:Auto News Feed
  • Post published:March 12, 2023
  • Post category:Market News
Circle stated it would use corporate resources and “external capital if necessary” to ensure that USDC is redeemable for the US Dollar at a 1:1 ratio.
Tags: Crypto Market, Digital Market, Market Analysis

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Previous PostCircle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’
Next PostBillionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits

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